It’s Not Just All About Defaults

*It’s Not Just All About Defaults*
**By Tony Garritano**

***Sure, defaults are a big deal, but traditional deals matter, too. To this end, PROGRESS in Lending has learned that RES.NET, a provider of software applications connecting real estate professionals and consumers, now supports the traditional real estate market. Originally introduced in 2004 as a technology solution for the default space, RES.NET has evolved its platform to now enhance retail, or traditional real estate transactions.

****RES.NET’s Agent Portal, one of the platform’s six cloud-based portals, connects agents to other real estate professionals, buyers and sellers and allows them to handle every aspect of the sale through one, centralized system – and even on-the-go through a mobile application. Agents can define their unique task workflow and input all details on their properties including photos and videos. The portal facilitates transparency among agents and other participants, who can easily send and sign documents online using e-signature technology.

****“Our network has grown to include more than 200,000 users, some of which are Fortune 500 companies with very complex workflows and stringent requirements,” said Todd Mobraten, COO and president of RES.NET. “With our experience in the default space and as a response to the real estate market’s evolution, we elected to expand our platform’s capabilities to support the traditional market. With more than 80 percent of consumers now beginning their home search online, it is important for agents to leverage technology that meets their expectations. With the platform agents can eliminate communication gaps and securely share information in an automated, paperless environment or even from a mobile device, which minimizes their time in front of the computer and lets them focus on serving homebuyers, cultivating relationships and increasing their business opportunities.”

****Within the portal, Agents can also access RES.NET’s offer submission link tool, which enables them to submit offers to listing agents directly through the platform, instead of mailing or faxing paper documents. Through the system agents have ultimate control to manage offers, negotiations and counter offers, resulting in faster closings.

****Mobraten continued, ”One of the portal’s most valuable features for agents is the ability to add and invite contacts to their network. Not only does this contribute to more efficient communications and accelerates transactions, but the technology also empowers them to increase their professional networks and improve their businesses.”

Tony Garritano
Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at tony@progressinlending.com.